rental
New York (AFP) - Hertz said Thursday it will sell one-third of its electric vehicle (EV) automobiles to resize its fleet in line with slowing demand growth for emission-free transport. The rental car giant will sell 20,000 EVs in the United States, steering a portion of the funds to purchase "internal combustion engine vehicles to meet customer demand," Hertz said in a securities filing. "The Company expects this action to better balance supply against expected demand of EVs," said the filing. The action is the latest auto industry move to slow or retreat from earlier targets amid expectations...
AFP
New York (AFP) - Talk about sticker shock: The $600 price tag for Joe Pohlen to rent a car for two days was twice as expensive as his plane ticket. The Michigan businessman was stunned, but the experience is becoming more common for US travelers, an unexpected consequence of the pandemic. Not only have prices skyrocketed, it can be hard to just find a car at all. Pohlen told AFP that Hertz was the only agency that had a vehicle available during a brief trip to the East Coast. And though he chose "the cheapest possible option," the bill came to $601.59 for a vehicle rented in Maryland and ret...
AFP
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